Money saving pro Martin Lewis has issued a stark warning to broadband customers, including those with major providers such as Sky, Virgin Media and TalkTalk, following recent price hikes.
16.04.2024 - 15:07 / manchestereveningnews.co.uk
Thousands of households are overpaying their energy bills each month, with many that pay through a direct debit not realising that they could be sat on a large pile of cash that is rightfully theirs. One savvy Money Saving Expert reader even managed to get £1000 back from his energy supplier after realising he was being overcharged.
The reason for this is that consumers who pay for their gas and electricity each month via direct debit are paying for what their energy supplier estimates as the monthly consumption, which can frequently be overestimated or based on old energy prices. This can lead to some households that are struggling to pay their monthly energy bills actually being hundreds of pounds in credit.
Measures to remove the disparity between the prices charged to direct debit payers and those on prepayment meters have filtered some of the inequality from the system in recent months, but despite this, Martin Lewis has said "the logic of the direct debit cycle remains the same," with many households unknowingly sitting on a large pile of their own cash.
READ MORE: Martin Lewis' Money Saving Expert praises energy fix that saves £135 on price cap
One Money Saving Expert follower said they had been sitting on a large amount of credit that they were able to reclaim, while also lowering their monthly charges. They said: "We had over £1000 credit with our energy supplier, after approaching them I got that repaid and because I've been paying far too much in the first six months they've reduced my direct debit from £265 to £112 per month."
As of April 1, the energy price cap fell by 12 per cent to £1690 for the average household, meaning that bills should start to fall. However, those who pay by direct debit could
Money saving pro Martin Lewis has issued a stark warning to broadband customers, including those with major providers such as Sky, Virgin Media and TalkTalk, following recent price hikes.
Just days after returning to public duties, King Charles made a surprise appearance at the Royal Windsor Horse Show, a cherished event long favoured by his late mother, Queen Elizabeth II.The monarch, sporting a bright smile despite the rain, toured the showgrounds on Friday 3 May.The annual show held a special place in the late Queen's heart, with her attending almost every year since her childhood until her passing in 2022.The Royal Family's connection to the show runs deep. Prince Philip, the Queen's late husband, actively participated in the carriage driving competitions until his retirement in 2003.
Martin Lewis has urged many Direct Debit-paying energy customers to phone up their provider and get some cash back.
ITV's Good Morning Britain has sparked intrigue after 'snubbing' Ben Shephard in a social media post marking the show's 10th anniversary, following his departure from GMB.
It was a milestone moment for Good Morning Britain this week as the ITV show marked ten years on screen, commemorating the moment with a post to the show's official Instagram.The post looked through the show's presenters over the years, but appeared to snub Ben Shephard, who was a regular on GMB since it's 2014 launch, before taking to This Morning earlier this year.The account wrote: "10 years have flown by! Let's look back at some of our presenters through the years.” A carousel of pictures then showed presenters such as Susanna Reid, Kate Garraway, Charlotte Hawkins, Richard Madeley and Ranvir Singh, money expert Martin Lewis, weather forecaster Laura Tobin, Richard Arnold and Adil Ray. Many spotted that Ben was missing from the post, along with Piers Morgan.
People living with disability and long-term sickness could lose out on more than £5,600 per year of government financial assistance, under proposals laid out following a fortnight of attacks on Personal Independence Payments (PIP). Disability rights advocates have criticised the plan, calling the government "obsessed with austerity, sanctions and conditionality".
Disability rights advocates and welfare campaigners have reacted with horror to "divisive" government plans that could see Personal Independence Payments (PIP) stopped for more than three million people who need extra help in their day-to-day lives.
Consumer finance champion Martin Lewis has finally got an answer from the Secretary of State for Energy over why millions of households are still struggling with energy prices, amid high standing charges and a lack of competition in the sector. In her response, Claire Coutinho MP told him "I share your concern."
Martin Lewis has issued a stark warning about a "dangerous" bank change that could see customers paying significantly more.
The Department for Work and Pensions (DWP) came under fire this morning (April 25), when a former government adviser went on BBC Breakfast to criticise the way the benefits body treats vulnerable people.
Hair colour trends seem to spring up daily, but one we predict is set to stay around all summer long is 'Bambi brown'. Modelled this week by Chloe Lewis, the pretty brunette tone that combines espresso tones with bronde highlights is the flattering, multi-tonal shade that promises to give those with mousy tones a complete refresh ahead of summer.
Money Saving Expert Martin Lewis has issued a warning for those considering subbing out their traditional ovens for air fryers, especially after the nation's frenzy over the kitchen gadgets that have taken over households in recent years. Seen as a potential cheaper alternative to regular ovens, there has even been talk of some people planning to cook full roasts in in these chic compact cookers.
Profits at the UK's largest mortgage lender, Lloyds Banking Group, have fallen by over a quarter in recent months as interest rates peak and the competition intensifies in the mortgage and savings market. However, despite the tough trading conditions, the bank maintains that its customers are "resilient" and has improved its predictions for certain sectors of the economy this year.
Consumer watchdog Which? has named the 'worst broadband firm for customer service' in a warning to customers.
Paying off the mortgage is the goal of every homeowner and after the past few years of interest rate hell, that goal has started to seem more and more distant for many. But there is one "rule of thumb" popularised by finance guru Martin Lewis that has led to some knocking thousands of pounds off their mortgage.
for this year's summer ? Because they are revealing. In every sense of the word.Per the images , the men's kit is a fairly standard tank top and spandex shorts set.
Car drivers in Manchester are facing eye-watering insurance costs when they renew their policies, following a year of sharp price rises that are now leaving the average Mancunian driver around £1,279 out of pocket, just to get their vehicle on the road.
People who are looking to make a chunk of free cash by taking advantage of banking sign-up bonuses have just days left to get £175 for simply opening a new bank account, with the offer due to expire Monday (April 22).
Emma Roberts is giving fans an exclusive look inside of her home!
Energy supplier Scottish Power is set to refund and compensate customers a total of £1.5 million after overcharging them during the peak of the energy crisis.